Powernet Achieves Record High with 230.2 Billion KRW in Sales and 13.3 Billion KRW Operating Profit Last Year

Powernet announced on the 12th that it recorded an earnings surprise last year, far exceeding market expectations.

According to Powernet's disclosure, the company achieved its highest-ever performance last year with separate basis sales of 230.2 billion KRW and operating profit of 13.3 billion KRW. This represents a 23.7% increase in sales and a 30.4% increase in operating profit compared to the same period last year.

A company representative explained, "Despite the overall downturn in the manufacturing industry last year, we continued an upward trend by breaking quarterly record performances, and in the fourth quarter, we achieved solid results, recording the highest sales and operating profit."

Additionally, with some affiliates incorporated as subsidiaries in the third quarter, consolidated sales and operating profit reached 323.2 billion KRW and 13.3 billion KRW, respectively.

A Powernet official emphasized, "The better-than-expected performance of new models and new business sectors in 2024 drove sales growth, and the results of various innovation activities were realized as profits, enabling significant growth."

He added, "Along with external growth, the company is focusing on change and innovation through communication to create a sustainable future. We have established various open communication programs to overcome barriers between the older generation and the MZ generation, as well as between employees and executives, thereby creating a fast and flexible organizational system in this era of change."

This content was produced with the assistance of AI translation services.